121.50 -0.06 (-0.05%)
After hours: 6:06PM EDT
|Bid||121.40 x 900|
|Ask||121.49 x 1200|
|Day's range||119.91 - 122.68|
|52-week range||102.00 - 133.38|
|Beta (5Y monthly)||0.40|
|PE ratio (TTM)||24.31|
|Earnings date||18 Aug 2020|
|Forward dividend & yield||2.16 (1.77%)|
|Ex-dividend date||13 Aug 2020|
|1y target est||135.06|
The looming threat of Reliance Retail's move into e-commerce business in India has been hanging over Walmart (NYSE: WMT) and Amazon (NASDAQ: AMZN) for quite some time now. Led by India's richest man, Mukesh Ambani, Reliance Retail has been gradually testing the waters of India's e-commerce space that is currently dominated by Amazon and Walmart subsidiary Flipkart.
In India, it's Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. Google Pay had more than 75 million transacting users last month, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures told TechCrunch. In comparison, SoftBank -backed Paytm's app saw 30 million transacting users last month and an average of 10 million users transacted each day, people familiar with the matter said.
“[Our] problems as a nation run much deeper than one horrible event,” McMillon said, adding, “Until, we as a nation, confront and address these hard realities, we will never achieve the best of what we can be.”
Walmart says it has removed ammunition and firearms from displays at some of its stores in the wake of the killing of George Floyd that has set off sometimes violent demonstrations against police brutality and injustice against African Americans. “As a responsible seller of hunting and sporting firearms, we have temporarily removed firearms and ammunition from the sales floor in some stores out of an abundance of caution," said Walmart in a statement. Walmart, which operates 4,700 stores in the U.S., didn't disclose the number of stores affected by the change.
Walmart Inc. (NYSE: WMT) today announced shareholder voting results for its Formal Business and Annual Shareholders’ Meeting, which was conducted by a virtual meeting due to the public health impact from the coronavirus outbreak (COVID-19). Approximately 91.7 percent of all outstanding shares were represented at the meeting.
The current price action is less of an indictment on the morality of investors and more of a calculated gamble that the economy is poised to rebound as lockdowns end.
"We have temporarily removed firearms and ammunition from the sales floor in some stores out of an abundance of caution," the nation's largest retailer said in a statement. "Those items are available for purchase, but are being stored in a secure room."
The online retailer's sales didn't grow nearly as much as competitors' online sales last quarter.
Here's why stocks continue to be in rally mode despite the horrors sweeping America right now.
Low yields and safe payout ratios indicate businesses that could double their dividends in the future.
In the nearly 32 years I have worked at my Walmart store in Kenosha, Wisconsin, I’ve seen a lot of changes — from the products we sell, to the associates I work with, to the customers who come through our doors. Walmart’s response to Covid-19 — slow, inadequate, failing to prioritise our health and public health — underscores why workers like me need a voice in shaping corporate policy. A study by United for Respect found that it took weeks — in some cases almost two months — for Walmart fully to adopt Centers for Disease Control recommendations for employers.
The Dow Jones Industrial Average (DJINDICES: ^DJI) shook off some truly bad news on Monday, up about 0.2% at 11:40 a.m. EDT. Just as the U.S. economy was beginning to recover from the novel coronavirus pandemic, civil unrest in major U.S. cities threatened to impede that recovery. Shares of Apple (NASDAQ: AAPL) and Walmart (NYSE: WMT) made only small moves as the companies closed some stores on Sunday due to the unrest.
In this episode of MarketFoolery, Chris Hill chats with Fool.com contributor Dan Kline about the latest news from the markets. They look at the retail space and how retail businesses are serving underserved communities.
June will be a test: Can the economy reopen without complications? The results will largely determine what stocks to watch.
The Indian government has rejected Flipkart’s proposal to enter the food retail business in a setback for Walmart, which owns a majority of the Indian e-commerce firm and which recently counted its business in Asia’s third-largest economy as one of the worst impacted by the global coronavirus pandemic. The Department for Promotion of Industry and Internal Trade (DPIIT), a wing of the nation's Ministry of Commerce and Industry, told Flipkart, which competes with Amazon India, that its proposed plan to enter the food retail business does not comply with regulatory guidelines -- though it did not elaborate, according to a person familiar with the matter. Rajneesh Kumar, chief corporate affairs officer at Flipkart, told TechCrunch that the company was evaluating the agency's response and intended to re-apply.
Target Corp <TGT.N> and Walmart said on Sunday they shuttered stores across the United States as retailers already reeling from closures because of the coronavirus pandemic shut outlets amid protests that included looting in many U.S. cities. Protests turned violent in places including New York and Chicago following the death in Minneapolis of a black man, George Floyd, seen on video gasping for breath as a white police officer knelt on his neck. In Los Angeles, protests led to the looting of the Alexander McQueen clothing store on Rodeo Drive, and a Gucci store on the vaunted strip was marked with the graffiti slogan: "Eat the rich," according to local media reports.
Walmart stores suffer damage from the George Floyd protesting and looting in some cases.
Target takes steps to protect its workers and shoppers during the civil unrest sweeping the United States.
Walmart's (NYSE: WMT) fiscal first-quarter 2021 (ended April 30, 2020) results were strong, faring better than many other retailers that had to shut down their physical stores. Sure, management admitted that the coronavirus pandemic drove increased demand as people ran out to buy the company's goods. The Walmart U.S. business had a same-store sales (comps) increase of 10% and Sam's Club's comps rose 12%.
The European Commission on Wednesday unveiled a historic plan to invest billions of euros into a greener future as part of its recovery from the coronavirus-induced economic crisis. In a budget proposal, the commission is seeking €750bn for a recovery programme that would dole out grants and loans to member states that prioritise spending for green projects.